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Month: October 2023

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Sunway says no valuation carried out by independent registered valuer on RM646 mil Batu Kawan land deal

KUALA LUMPUR (Oct 5): Sunway Bhd has clarified that there was no valuation made by independent registered valuer on the 559-acre prime industrial land in Batu Kawan, Penang which it acquired from Penang Development Corp (PDC). The clarification came in response to Bursa Securities’ query, following a previous article published by The Edge on Oct 4 which outlined Penang Chinese Chamber of Commerce (PCCC)...

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Jasa Kita sells land in KL for RM43 mil in related party transaction

KUALA LUMPUR (Oct 5): Jasa Kita Bhd is disposing of a parcel of land for cash consideration of RM43.08 million in a related party transaction. The leasehold piece of industrial land, measuring 14,294 square meters, is located within the PKNS Setapak industrial area in Kuala Lumpur. In a bourse filing, Jasa Kita said the group has entered into...

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Keck Seng (Malaysia) to wind down and liquidate Tanjong Puteri Golf Resort

KUALA LUMPUR (Oct 3): Keck Seng (Malaysia) Bhd, which engages in palm oil cultivation and manufacturing, property development and investment, and hotels and resort ownership businesses, said it will wind down operations and voluntarily liquidate its 99.97%-owned subsidiary, Tanjong Puteri Golf Resort Bhd (TPGR). TPGR, formerly known as Victavest Holdings Sdn Bhd, operates a 54-hole...

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MBSB completes RM1.01b acquisition of MIDF

KUALA LUMPUR (Oct 2): Malaysia Building Society Bhd (MBSB) has completed its acquisition of Malaysian Industrial Development Finance Bhd (MIDF) from Permodalan Nasional Bhd (PNB) for RM1.01 billion worth of new share issuance at 96.52 sen per share. MBSB told Bursa Malaysia on Monday that 1.05 billion new shares were allotted to PNB, resulting in...

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